FCA proposes extending motor finance complaint deadline November 21, 2024 The Financial Conduct Authority (FCA) is weighing up whether to extend the time that companies have to respond to motor finance complaints following a landmark high court ruling. In an announcement today, the watchdog said it is launching a consultation on whether to give firms more time to respond to customers’ concerns over the use [...]
New report warns DPAs should not be seen as ‘a cost of doing business’ November 21, 2024 The use of deferred prosecution agreements doesn’t stop corporate fraud, and may be actively encouraging it, says new paper by think tank, IEA
‘FCA is not fit for purpose’: Motor finance lender bosses lash out November 20, 2024 Motor finance lender executives criticised the FCA performance of this sector, telling members of the Lords that the regulator is "not fit for purpose"
Peel Hunt: There’s a ‘missing piece’ in Reeves’ City growth push November 20, 2024 The government has demonstrated a “fundamental shift” in its approach to growth but must address the key issue of pushing investment into the UK stock market, Peel Hunt has said. In an a note to investors today, Peel Hunt’s head of research, Charles Hall, stressed that while Rachel Reeves‘s Mansion House speech had been a [...]
Plans worth £200m revealed by Imperial College London and Bruntwood SciTech November 20, 2024 Imperial College London is to build a life sciences and deep tech development worth over £200m in the west of the capital after partnering with Bruntwood SciTech. The university has earmarked land at its White City Deep Tech Campus after signing an agreement with the joint venture between property group Bruntwood, Legal & General and [...]
UK business openings fall to lowest level since 2010 November 18, 2024 New business openings across the UK hit their lowest rate in more than a decade last year.
Revolut set to take on Hargreaves Lansdown after winning trading licence November 18, 2024 Revolut is set to allow customers to buy UK-listed stocks on its platform from next year after winning a trading licence from the City watchdog. In an announcement today, Europe’s most valuable fintech said it had been authorised by the Financial Conduct Authority to allow UK customers to trade British and EU-listed stocks and exchange-traded [...]
The UK has the tools, talent and expertise to unlock growth November 18, 2024 In a competitive global environment, Britain has everything it needs to succeed, but there are a few ways the government could help, says Chris Hayward The Chancellor’s Mansion House speech laid out a bold and detailed vision for the UK’s economy and financial services sector. The message is clear: Britain is not only primed for [...]
Reeves warns financial regulation has gone ‘too far’ in pledge to unleash the City November 14, 2024 The Chancellor Rachel Reeves warned that financial regulation had “gone too far” last night as she pledged to rip up red tape and put the City watchdogs on a growth footing. In her maiden Mansion House speech in the Square Mile, Reeves said that regulatory measures brought in since the financial crisis in 2008 have [...]
Mark Kleinman: Thames needs to clear murky waters to restore credibility November 14, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week he tackles resetting Reeves, Thames Water and challenges for challenger banks Reeves’s post-reset reset may need new faces at City regulators How about a post-reset reset? Such has been the turbulence of Labour’s [...]